Latest Headlines – Page 370
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Rossignol makes new investments
Having restored its profitability during the past financial year, Groupe Rossignol has decided to modernize its two big factories in France and Spain to reinforce its competitiveness. The first stage of the investment program, which will have a total cost of €10 million, will be deployed between now and April ...
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Two Fibos fight for the Spanish market
Inés Ledo is trying to resurrect a Spanish fitness exhibition that she ran for many years, calling it Fibo Spain. However, a statement by Reed Exibitions, which organizes the big international Fibo fair in Germany as well as the Spanish Sports Unlimited fair in Valencia, said it has started legal ...
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Ispo is going for new records
Messe München, organizer of Ispo Munich and Ispo Beijing, indicates that it will attain new records for the industry's participation in both. It is also announcing a new format for its Ispo Awards.As previously indicated, by the end of October, the number of exhibitors signing up for the Munich show ...
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Brazil’s plans against trade circumvention of AD duties get challenged
A group of major athletic footwear companies filed a formal complaint a few days ago, challenging the anti-circumvention investigation introduced by the Brazilian government recently into the shoes and components imported into the country. The complaint questions a request by Abicalçados, the Brazilian shoe industry association, to extend the ...
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European shoe importers want money back for AD duties
A special arbitration panel, set up by the World Trade Organization in July 2010 to examine Chinese complaints that the European Union had violated some of the WTO's guidelines in assessing anti-dumping duties on imports of leather shoes from China, has found some inconsistencies in the process that led the ...
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Accell is hit by discounting
While confirming a previous forecast of higher sales and profits for the current financial year, Accell Group's management said that bicycle sales have been below expectations over the past months due to poor weather conditions during the summer and the general economic situation. The only significant market showing growth has ...
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Diving recovery helps Johnson Outdoors
The diving and outdoor units at Johnson Outdoors both suffered from lower sales in the last quarter of the company's fiscal year, through the end of September, but this was more than made up for by higher sales of marine electronic products. The American group ended the quarter with sales ...
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Puma publishes its environmental results
Taking an unprecedented step that can only improve its image as a pioneer in the area of sustainable development, Puma disclosed Wednesday the first set of figures that quantify the environmental impact of five major elements throughout its supply chain: greenhouse gas emissions, excessive water use, excessive land use, air ...
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Bailo merges with Vist
The two Italian companies are merging into a new group, due to be called Officine Italiane, that will allow them to offer a complete range of snow and outdoor sports products and to generate synergies at various levels, including product development and international distribution.The goal is to reach combined consolidated ...
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Skiset strikes a partnership in North America
Skiset, the French company that has already created the largest network of rental stations for ski and snowboard products in Europe, has signed a partnership with Christy Sports, an American chain of ski shops that has a similar network in North America. Together, they are setting up a centralized online ...
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Head sells fewer skis but more racquets
With slight improvements in both its winter sports and racquet sports units, Head lifted its sales by 1.4 percent to €99.7 million for the quarter until the end of September, but its profit was battered by a lower margin. ...
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New chiefs for Peak Performance
IC Companys, the Danish owner of Peak Performance and 10 fashion labels, reported that the turnover of the Swedish winter sports, outdoor and golf apparel company increased by nearly 6 percent to the equivalent of 975 million Danish kroner (€131.0m-$176.7m) for the first quarter of its fiscal year, until the ...
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New generation takes over at Röhnisch
Röhnisch Sportswear, the Swedish brand of fitness and golf apparel, will be led from the start of next year by Fredrik Röhnisch, the son of the company's current chief executive and full owner, Claes Röhnisch, and the grandson of its founder.The 35-year-old Fredrik Röhnisch grew up with the company, starting ...
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New Wave sales inflated by Ahead buy
The sports and leisure unit of Sweden's New Wave Group, which owns Craft, Cutter & Buck and several other brands, lifted its sales by 7 percent to 538 million Swedish kronor (€58.9m-$79.4m) for the quarter ended in September. However, this was almost entirely due to the acquisition of Ahead, the ...
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Heelys scouts for acquisitions
The American brand of wheeled shoes wants to use its remaining cash pile of $23.1 million to diversify by taking over another sporting goods firm that makes some other type of wheeled or leisure products, or protective gear, or performance apparel. It is prepared to spend up to $30 million ...
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Eschler pulls production out of Switzerland
The Swiss industry, already hard hit by the larger-than-life Swiss franc compared with the euro on the wholesale and retail levels, begins to count casualties in domestic production. Christian Eschler AG, the Swiss manufacturer of high-performance fibers and fabrics, has decided to shut down its own plant in Bühler in ...
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Adidas defies economic pressures
The Adidas Group continues to defy pressures on the European market, with significant sales increases in all parts of Europe in the third quarter. They contributed to a sales rise of 8.0 percent to €3,744 million for the group in the three months, equivalent to an increase of 13 percent ...
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Adidas acquires Five Ten footwear
Separately, the Adidas Group has agreed to take over Five Ten, the family-owned Californian brand, to complement its own offering of outdoor footwear with more specialized climbing and mountain biking products. The two parties have agreed on a price of $25 million in cash, and contingent payments depending on the ...
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Asics’ profits take a hit
Unwavering demand for running products enabled Asics to lift its sales by 6.5 percent to ¥123,935 million yen (€1,149m-$1,583m) for the first half of its fiscal year, until the end of September, but the expansion slowed down in the second quarter and the group's profits were on the slide.The Japanese ...
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Asian sales push Basicnet
Basicnet reported a 14.6 percent increase in its direct sales and those of its licenses in the first nine months of the year to €315.7 million, driven by strong growth in the Asia-Pacific region. On a currency-neutral basis, sales were up by 15.6 percent.Turnover was up in all regions, with ...
